Tuesday, September 2, 2014

Banks keep festive offers low-key as RBI frowns

............This is because the Reserve Bank of India (RBI) is not comfortable with the idea of loan rate discounts for new customers, depriving older ones.“RBI has been questioning banks about these special offers in the festival season. If the cost of funding hasn’t suddenly become favourable, how can banks introduce a cheaper rate of interest this time of the year?.......

No comments: